Rymarz Zdort Maruta advises Northland Power on joint venture with Energa Wytwarzanie S.A.

We are pleased to announce that we advised Dutch company Northland Power International Holdings B.V. (“Northland”) in relation to its joint venture with Energa Wytwarzanie S.A. (“Energa”) formed to provide asset management services. The newly established Baltic Offshore Service Solution sp. z o.o. will provide services concerning the technical management of offshore wind farm infrastructure, commercial asset management, health and safety issues, and environmental protection. The first offshore wind farm in the Baltic Sea to be serviced by Baltic Offshore Service Solution sp. z o.o. will be a facility of Baltic Power sp. z o.o. with a capacity of up to 1.2 GW that is to be commissioned in 2026. The transaction required the submission of a notification to and approval from the President of the Office of Competition and Consumer Protection, which approval was issued on 9 October 2023.

Energa Wytwarzanie S.A. is an Orlen Group company active in the area of RES electricity generation that provides system services. The company manages Poland’s largest run-of-river hydropower plant in Włocławek and 44 small hydropower plants located mainly in northern Poland.

Northland Power International Holdings B.V. is a holding company of the Canadian-listed Northland Power Inc. and a power producer dedicated to developing, building, owning and operating clean and green global power infrastructure assets in Asia, Europe, Latin America and North America.

The work of the transaction team was supervised by Marek Durski (partner), which team included Jakub Krzemień (partner), Aleksandra Kabać (senior associate) and Szymon Rutecki (associate). The antitrust aspects of the transaction were supervised by Iwona Her (partner) with the support of Irmina Wątły (counsel) and Justyna Niezgoda (associate).

We are pleased to have participated in yet another transaction for the offshore wind sector, especially given that this transaction has resulted in the creation of an entity with the resources and competencies necessary to provide specialised services for the sector.